00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coalition of 12 states sued President Donald Trump seeking a court order
00:06to declare his new foreign import tariffs illegal, according to CNBC.
00:10The suit argues that Trump has overstepped his authority
00:11under the International Emergency Economic Powers Act
00:14by unilaterally imposing sweeping tariffs.
00:17The suit contends that only Congress has the constitutional power
00:20to impose taxes and duties.
00:22It files a separate legal challenge from small businesses
00:25and criticizes Trump's use of IEPA as unprecedented
00:29and unconstitutional.
00:30For all things money, visit Benzinga.com slash GSTV.
Comments